China’s top sovereign fund names new chief

One of the world’s largest sovereign wealth funds, China Investment Corp, has appointed a new managing director as it aims to stabilise its volatile investment returns. The fund’s former managing director, Gao Xiqing, retired from the fund that he had led since 2007 after reaching China’s official pension age of 60.
Li Keping, who has been the deputy director of the fund for the past two years, will become the managing director and vice-chairman……………………………..Full Article: Source